Jun 27 2008
Many households across the country are struggling to set money aside on a regular basis, it has been claimed.
According to Howard Archer from the research firm Global Insight, the financial pressures on individual consumers are currently such that while most people want to save many are unable.
Parents often see saving for children as being among their financial priorities but debt problems, mortgage demands and rising inflation are limiting the amounts of spare cash Britons have at the end of each month.
However, Mr Archer has suggested that personal deposits into savings accounts will increase in months to come from their currently levels, which he maintains are "still very low by long-term norms".
Meanwhile, the latest figures from the Children's Mutual suggested that British parents have become 16 per cent more generous over the past 12 months when they come to play the role of tooth fairy for their children.
